Sony Corp. (SNE) Shares Gap Up to $32.14
Sony Corp. (NYSE:SNE) gapped up prior to trading on Friday . The stock had previously closed at $31.80, but opened at $32.14. Sony Corp. shares last traded at $32.69, with a volume of 470,005 shares.
SNE has been the subject of several recent analyst reports. Vetr lowered shares of Sony Corp. from a “buy” rating to a “hold” rating and set a $31.36 price target for the company. in a report on Tuesday, July 19th. Deutsche Bank AG raised shares of Sony Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. Zacks Investment Research raised shares of Sony Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 26th. TheStreet raised shares of Sony Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Finally, Jefferies Group reissued a “buy” rating on shares of Sony Corp. in a report on Friday, June 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.21.
The firm’s 50-day moving average is $32.05 and its 200 day moving average is $27.62. The stock has a market cap of $41.18 billion and a PE ratio of 48.64.
Sony Corp. (NYSE:SNE) last posted its quarterly earnings data on Friday, July 29th. The company reported $16.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $16.72. During the same period in the previous year, the company posted $70.52 earnings per share. The firm earned $1,613.20 billion during the quarter, compared to analyst estimates of $1,682.98 billion. Sony Corp.’s revenue was down 10.8% compared to the same quarter last year. Equities analysts expect that Sony Corp. will post $0.61 earnings per share for the current year.
A hedge fund recently raised its stake in Sony Corp. stock. AJO LP increased its stake in Sony Corp. (NYSE:SNE) by 172.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,017 shares of the company’s stock after buying an additional 37,357 shares during the period. AJO LP’s holdings in Sony Corp. were worth $1,452,000 as of its most recent SEC filing.
Sony Corporation (Sony) is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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